Ripple Co-founder Jed McCaleb Sold a Billion XRP and Has 4.7B Left

Analysis by blockchain monitor Whale Alert suggests that Ripple co-founder Jed McCaleb sold off more than one billion XRP between 2014 and 2019.

In a Medium post published on Feb. 6, Whale Alert estimated that McCaleb has another 4.7 billion XRP left to sell, equating to around 5% of the total supply. At today’s prices, the hoard is worth more than one billion U.S. dollars, dwarfing the $135 million Whale Alert estimates he has made via XRP sales to date.

McCaleb sold another 19 million, or $4.13 million worth last month — and Whale Alert believes the rate may increase this year as the agreements limiting his XRP sales expire. Specifically: 

“At the current rate it would take him around 20 years to sell all of it, however, his activities have been limited by the settlement agreement with Ripple, which is likely to expire sometime in 2020.”

The news alarmed some XRP holders on Twitter.

“We didn’t want to alarm people, but I hope they now have a better view of what’s going on,”…